Warren Buffett’s age is the big issue in conflict with CalPERS, says Don Kaufman in Business News segment
CalPERS, America’s largest state pension fund, wants to remove Warren Buffett as chair of Berkshire Hathaway. CalPERS says that Buffett shouldn’t be CEO and chair at the same time. Don Kaufman, TheoTrade chief market strategist, agrees in this NTD Business News segment. Beside the conflict inherent in one person fulfilling the roles of CEO and…
Tesla Rocks but NASDAQ Drops
Conflict appeared all over the screens in today's trading as the NASDAQ take a hit, down just over 1% and Netflix falls over 35%! The saving grace today? TESLA! Join in to tonight's video as Don explains today's considerable price action and what we can expect for the remainder of the week....
Grim earnings spell trouble for U.S. banks, Don Kaufman says in TV interview
The numbers tell the story. Citigroup – 46%. Goldman Sachs – 42%. Wells Fargo – 21%. Earnings reported last Thursday by big U.S. banks demonstrates that managing risk in an unstable environment is horrific for them, says Don Kaufman, chief market strategist at TheoTrade. Inflation and the war in Ukraine have taken its toll on…
Are You Prepared for the Coming Volatility Storm?
Market Update-- --Rates are outa control! --rising rates will break markets --bond volatility exceeding VIX --why is VIX dead with risk bearing down? --another week another edge of expected move Positioning-- --selling premium, tread lightly, imp vol feels low --sell whats strong and let correlation grip hold SPX Expected Move-- --last week-- 76.70 (expected…
Will Poor Earnings Tank Markets?
JPM kicked off earnings seasons with lackluster results. Overall markets went higher thanks to big tech. How much longer can big tech stocks hold up the S&P? We may find out this earnings season...
Calm before the storm for crypto volatility, says Don Kaufman on CoinDesk TV
TheoTrade Co-Founder Don Kaufman shares his crypto markets update on CoinDesk TV as BTC drops to $43,000. Don discusses the correlation between bitcoin and the S&P 500, Nasdaq. Don also discusses why he believes right now is the “calm before the storm” for crypto volatility. ***transcript below*** Christine Lee: All right, join us now to…
Is the Market at a Crossroad?
Headwinds continue to accumulate: --Holding on the edge of Expected Move --Dollar breaks out --Bonds are breaking apart (data dependent) --Forget yield curve inversion, rates are soaring! --Lack of correlation --Playing the sector rotation game Position Updates: --Selling premium --Long Dollar --XLU --SLV SPX Expected Move --last week-- 74.83 (expected move) --next week--…
95 Billion Reasons to Sell?
The FOMC provides guidance on how they are going to reduce the balance sheet. The market digested the hawkish news well. However, we are sitting right on the edge of the weekly expected move in the SPX. The next 2 days are crucial to see if that level holds. What happens next can determine the…
A Market of Indecision Paints Risk for Bulls and Bears
All eyes on bond markets-- --inversion of the yield curve --rate hikes and probabilities --will the FED have time to tighten? Positions-- --Commodities and Dollar --Home Builders --Financials --Utilities SPX Expected Move --last week-- 88.65 (expected move) --next week-- 74.83 (expected move)
Will the Bears Return to the Market?
With the yield curve inverting, is this a sign that bears are going to come back into the market? Here's a dive into the yield curve, why you should be paying attention to it, and what it means for the tech and financial sector.